Of recent times we have seen the crypto market enter a bull phase. This plays down to a few factors ranging from ETF’s, the halving and the further traditional stock market. The decision from the SEC that crypto investors are eagerly awaiting is going to determine where the price moves.
Our team has been checking out a new project called Sparklo (SPRK) which seems like a top investment opportunity as we enter 2024.
Sparklo (SPRK) Is Predicted To Rise 10x By Q2 2024
As a new cryptocurrency, Sparklo aims to be the first investment platform that allows investors to invest in gold, silver, and platinum. Investors would do this through minted or fractionalized NFTs representing these real-world assets. When investors purchase a complete NFT, they can get their assets delivered to a location of their choice.
Sparklo will also partner with jewellery stores to market these assets. Sparklo currently goes for $0.08, and analysts expect this price to rise 10x in Q2 2024. Therefore, we believe Sparklo will be the best investment for 2023. Furthermore, to safeguard the project, its developers ensured that it was audited by Interfi Network and locked its liquidity for 100 years.
Sparklo might become a blue-chip cryptocurrency, but in any case, it has high growth potential. As a result, analysts believe this can be a good opportunity to enter a blue-chip cryptocurrency at an excellent price. Although Tezos (XTZ) and Aave (AAVE) might show some positive price action shortly, we believe it would be best to consider other opportunities with high growth potential. You can do that by following the link below.
Aave (AAVE) Price Couldn’t Hold On To Gains Post-FTX Implosion
As Aave protocol is preparing for the Aave protocol V3, analysts would expect the token price to soar in preparation for this new development. At the time of writing, the price of the Aave (AAVE) token stands at $100.58.
Analysts hope the upcoming development does something to bring sanity back to the token’s price. They predict that when top addresses buy Aave (AAVE), it will positively impact the price. The current supply of Aave (AAVE) tokens indicates that there would be some demand from top whales.
But, analysts tell investors to note that the demand for Aave (AAVE) tokens is highly correlated to the market. This means that Aave’s (AAVE) ability to bounce back would depend on the demand of the DeFi market, which would, of course, need an improvement in market conditions.